Lovable's annualized revenue crosses $600M as vibe coding takes off

Lovable has reached an annual run-rate revenue of $600 million, co-founder Fabian Hedin said at the HumanX summit in Amsterdam on Thursday. The figure marks growth for the vibe-coding platform, which in June put its annualized revenue at around $500 million. The update was delivered during a public conference appearance by one of the company's founders.

Hedin said the startup has concentrated on expanding its enterprise business. He claimed that two-thirds of Fortune 500 companies now use its product, and he named Microsoft, NVIDIA and Deutsche Telekom among its customers. The enterprise push represents a shift toward larger corporate accounts for the platform.

The co-founder also said apps built by users on the platform collectively draw close to a billion views per month. He drew a contrast between Lovable and tools such as Codex or Claude code, which he described as producing code. In his account, Lovable's output is a product and increasingly a business, with the company handling hosting, deployment and scaling of apps. He said visits to apps created on the platform are an order of magnitude greater than traffic to Lovable itself.

The revenue disclosure follows a period of heavy fundraising for the company. Lovable raised more than $700 million across two rounds spaced just eight months apart. In December, it raised $300 million from Menlo Ventures and CapitalG at a $6.6 billion valuation.

Then, in August, the startup raised $400 million from Menlo Ventures and the Scaleup Europe Fund at a $13.3 billion valuation. Those two rounds bracket the period in which the company reported its revenue climbing from roughly $500 million to $600 million on an annualized basis. The company's investor list and valuation figures now place it among the more highly capitalized privately held software firms.

For US enterprise technology buyers, the numbers Hedin cited point to how quickly AI-assisted development platforms are moving into large corporate environments. Microsoft and NVIDIA, both named as customers, are themselves major suppliers of the computing infrastructure that powers such tools. Lovable's stated focus on hosting, deployment and scaling suggests it is competing for business customers rather than only individual developers.

More company and startup news from TechManNews.